FC-eps estimate revisions With the big banks reporting this week, and a slew of SP 500 components reporting next week, the one data metric tracked each week is the “upward vs downward” estimate revisions within the SP 500. The above … Continued
(This blog post could be classified as – somewhat like the Jerry Seinfeld show – a post about nothing. I’m just thinking out loud about the popularity of indexing and what clients miss in the “index game”.) Strategas Partners, the … Continued
Ironic that the SP 500 and the major equity indices are correcting – with the SP 500 falling below its 5-day moving average this week – for the first time since the Presidential election, in front of what will likely … Continued
Many investors are surprised at the Q1 ’17 SP 500 earnings “expected” growth rate of 8% – 10% as the Street kicks off Q1 ’17 earnings this week. As Factset (article linked to yesterday’s blog post here) detailed this week, … Continued
The following table from Thomson Reuters shows the current market cap weighting of each of the 11 sectors of the SP 500. EARNINGS Sector MCap 17Q1 17Q2 17Q3 17Q4 18Q1 Cons Disc 12.3% 10.5% 11.4% 11.1% … Continued
Thomson Reuters I/B/E/S Data by the numbers: Forward 4-quarter estimate: $131.39 versus $131.50 last week P.E ratio: 18(x) PEG ratio: 2.3(x) SP 500 Earnings Yield: 5.59% vs 5.68% from prior week Year-over-year Growth of Forward estimate: 7.93% vs last week’s … Continued
Occasionally it helps to take a step back and look at the annual SP 500 earnings data: 2017: $134.26 – (est) 14% SP 500 earnings growth expected next year 2016: $117.94 – est. Another year of 0% – 1% growth … Continued
SP 500 Earnings data “by the numbers”: (source Thomson Reuters “This Week in Earnings”): Forward 4-quarter estimate: $120.95 versus $121.23 P.E ratio: 16.5(x) PEG ratio: 14.5(x) and continues in nosebleed territory given 1% – 2% y/y EPS growth rate SP … Continued
Most investors can talk valuation until they are blue-in-the face, but I’ve learned to ignore the charts at significant peril. The above link is the weekly chart of the SP 500, and as readers can see, the SP 500 … Continued
Meant to publish this earlier this week… Which sectors have improved in terms of Q4 ’15 earnings growth since Jan 1 ’16 ? (First column is expected Q4 ’15 earnings growth as of Feb 9, the second data set is … Continued